The government doesn’t see the problem. They are just applying patches

The risks to the economy that were there before are still there. In fact, the risk to the economy is probably worse now than before. Fewer people employed today with same level of debt. We are just converting private debt into government debt

Government has a lack of understanding of the disease. The government is treating a guy with lung cancer for a headache. Government hasn’t recognized problem of deleveraging. Structural changes have not been addressed. They’re not working on a cure. Not working to remove tumor